While talking on CNBS about the low quarter earning, Verizon incoming CEO Lowell McAdam says that their company revenue growth disappointed in the past quarter because the next generation iPhone has not been released yet. In the same conference with analysts CEO McAdam says that they check Apple about the launch of next generation iPhone and to know when the new iPhone 5 will come out, but it is expected to come in this fall
We are probably what I would view as maybe a quarter behind what we had talked about in January, primarily because we expected an iPhone 5 refresh sometime this summer.
We don’t know when the next one is going to come out. You will have to ask Apple that, but we expect that probably sometime in the fall, and I think you will see a significant jump there when we get to that point.
Along with that statement, he also commented about the Verizon’s switch to tiered data plans for smartphones, noting that streaming video is the main reason they dropped unlimited data plans: